294 Gerrard Street No longer available

Toronto, Cabbagetown-South St. James Town, M5A 2G4

$3,300,000

Description

Listed by INTERNATIONAL REALTY FIRM, INC. BROKERAGE.

Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 beautifully renovated units, including two 2-bedroom apartments. All units have new decks, kitchens, furnaces, and updated plumbing, along with upgraded 200-amp service. The property is well-maintained with a young 8-year-old roof and 9-year-old boiler system, offering minimal maintenance and reliable cash flow. Prime Location & Development Potential: Situated at a high-traffic corner, this property is just a 30-second walk to TTC transit, offering excellent visibility and consistent rental income. With flexible commercial-residential zoning and future development potential, this is a turnkey, high-yield investment with value-add opportunities. Neighbour interest has been expressed, and the motivated seller presents a rare chance to capitalize on long-term capital appreciation. Don't miss this as-is, passive income opportunity!

6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)

Location

View Map
  • Address: 294 Gerrard Street
  • Neighborhood: Cabbagetown-South St. James Town
  • City: Toronto
  • State: Ontario
  • Postal Code: M5A 2G4

Property Details

  • Property ID: C8391532
  • Property Price: $3,300,000
  • Style: Multiplex, Other
  • Rooms: 17
  • Bedrooms: 9+4
  • Bath: 8
  • Basement: Other
  • Den: Y
  • Exterior: Other
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $7,022.00 (2023)
  • Lot: 132.56x19.28 (Feet)

Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100